ADHLF (Novautek Technologies Group) Inventory Turnover : 7.14 (As of Dec. 2024)

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What is Novautek Technologies Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Novautek Technologies Group's Cost of Goods Sold for the six months ended in Dec. 2024 was $0.88 Mil. Novautek Technologies Group's Average Total Inventories for the quarter that ended in Dec. 2024 was $0.12 Mil. Novautek Technologies Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 7.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novautek Technologies Group's Days Inventory for the six months ended in Dec. 2024 was 25.57.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Novautek Technologies Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.07.

Novautek Technologies Group Inventory Turnover Historical Data

The historical data trend for Novautek Technologies Group's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Novautek Technologies Group Inventory Turnover Chart

Novautek Technologies Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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0.31

0.42

0.01

0.11

34.07

Novautek Technologies Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.11	0.04	-	9.01	7.14

Novautek Technologies Group Inventory Turnover Calculation

Novautek Technologies Group's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	2.487	/ (	(0	+	0.073)	/	1 )
=	2.487	/	0.073
=	34.07

Novautek Technologies Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	0.878	/ (	(0.073	+	0.173)	/	2 )
=	0.878	/	0.123
=	7.14

Novautek Technologies Group (OTCPK:ADHLF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Novautek Technologies Group's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0.123	/	0.878	*	365 / 2
	=	25.57

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Novautek Technologies Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0.123	/	1.86
	=	0.07

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Novautek Technologies Group Inventory Turnover Related Terms

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Novautek Technologies Group Business Description

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00519:Hong Kong

Address

89 Queensway, Unit 2408A, 24th Floor, Tower 1, Lippo Centre, Hong Kong, HKG

Website

http://www.novautekgroup.com

Novautek Technologies Group Ltd formerly Applied Development Holdings Ltd is an investment holding company. Its business activities are segmented as follows: Resort and Property Development segment which derives maximum revenue, includes properties under development for commercial purposes; Property Investment segment includes mainly commercial properties that are held for capital appreciation or to earn rental income; Investment Holding segment includes holding of unlisted investment fund, equity securities, debt instruments, other assets; and Autonomous driving segment focusing on the development of products and services driving technology. Its operations are located in Hong Kong, and the People's Republic of China, out of which the People's Republic of China generates maximum revenue.